1998 History/Videos

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1998 After many years of troubles in Northern
Ireland both sides agree to the Good Friday peace agreement. The US President
Bill Clinton denies he had "sexual relations" with former White
House intern Monica Lewinsky. The Soviet Union Banking system suffers
a meltdown when the Rouble lost 70% of its value against US dollar in
6 months with several of the largest Russians banks collapsing. U.N.I.C.E.F.
reports there are approximately 250 million child laborers worldwide.

Cost of Living 1998

How Much things cost in 1998
Yearly Inflation Rate USA 1.55%
Year End Close Dow Jones Industrial Average 9181
Interest Rates Year End Federal Reserve 8.25%
Average Cost of new house $129,300.00
Average Income per year $38,100.00
Average Monthly Rent $619.00
Cost of a gallon of Gas $1.15
Average cost of new car $17,200.00
US Postage Stamp 32 cents
1 LB of Bacon $2.53
1 LB Hamburger meat $1.40
Loaf of Bread $1.26
Dozen Eggs 88 cents

What Events Happened in 1998

Financial Crisis
hits much of South East Asia

Worlds biggest airport in the world opens
in Hong Kong

Terrorist Bombing attacks at two US
Embassies in Nairobi and Dar es Salaam killing 250 people

Good Friday peace agreement in Northern
Ireland

Bill Clinton denies he had "sexual
relations" with former White House intern Monica Lewinsky. Starting
the Lewinsky scandal and investigations

An earthquake measuring 6.1 on the Richter
Scale in northeast Afghanistan kills more than 5,000.

A 5.9 Earthquake strikes the Azores
killing at least 10 with many more still missing in the rubble

Official famine Southern Sudan declared
with estimates that over 1 million people could die from starvation

James Byrd Jr, a 49-year-old African-American
man is dragged to his death behind a pickup truck